FF&F News & Events


IRS Telephone Scam

Please be Aware of IRS Telephone Scams

In addition to recent reports in the news, we have received a few calls from our own clients regarding suspicious telephone calls from an individual claiming to be an IRS agent.  THESE CALLS ARE SCAMS.

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Projected 2014 Tax Brackets

Projected 2014 inflation-adjusted tax amounts show modest increases

In 2014, individual taxpayers will receive some relief by way of the mandatory upward inflation-adjustments called for under the Tax Code, according to CCH, a part of Wolters Kluwer. CCH has released projected income ranges for each of the 2014 tax brackets as well as a growing number of other inflation-sensitive tax figures, such as the personal exemption and the standard deduction.

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Business Identity Theft

Business identity theft, tax consequences and best practices

Facilitated by the speed, ubiquity, and anonymity of the Internet, criminals are able to easily steal valuable information such as Social Security numbers and use it for a variety of nefarious purposes, including filing false tax returns to generate refunds from the IRS. The victims are often unable to detect the crime until it is too late, generally after the IRS receives the legitimate tax return from the actual taxpayer.

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